Recent News
Jan 6, 2026 — An analyst upgrade placed Flotek among favored names for 2026, citing improving revenue trends; Mar 3, 2026 — company announced its first utilities infrastructure contract for power equipment deployment; multiple outlets in March reported the company’s schedule for a Q4/2025 results release and commentary on strategic growth initiatives.
Technical Analysis
ADX reads 9.66, below 20, indicating no established directional trend and therefore lower conviction for sustained breakout moves; this low-strength environment increases sensitivity to fundamental or event-driven catalysts.
Directional indicators show DI+ at 17.24 and decreasing, a bearish signal indicating diminishing positive directional pressure. DI- sits at 19.14 and is decreasing, which signals fading prior negative pressure; the concurrent declines imply compressed directional forces rather than a clear trend.
MACD sits slightly above its signal line (MACD 0.04 vs signal 0.02), constituting a short-term bullish crossover, but the MACD trend shows a peak-and-reversal, which points to developing bearish momentum that can cap follow-through from that crossover.
MRO stands at 18.8 with a peak-and-reversal; price currently sits above the regression target and the oscillator’s recent reversal implies an elevated likelihood of downward adjustment from current levels.
RSI at 50.67 with a peak-and-reversal indicates neutral absolute momentum but recent loss of upward pressure, consistent with other short-term momentum measures signaling weakening upside.
Price relationships: last close $16.97 sits above the 200-day average ($15.18) — a structural bull bias — yet slightly below short-term averages (20-day $17.11, 50-day $17.05) and the 12-day EMA, all of which have shown peak-and-reversal behavior, suggesting near-term retracement risk toward short-term support levels identified by moving averages and the super trend lower ($15.77).
Volume has risen: current volume 506,688 exceeds the 10-day average (244,342) and 50-day average (277,164), indicating heightened investor attention that may accelerate whichever directional bias gains control.
Fundamental Analysis
Q4 operating performance produced EBIT $6,057,000 and EBITDA $6,686,000, with an EBIT margin of 8.97%. That margin sits below the industry peer mean of 25.90% and the industry peer median of 20.65%, indicating lower profitability per dollar of sales versus typical peers.
Top-line and cash metrics show revenue $67.52M for the period and YoY revenue growth captured by the trailing figure of roughly 20.50% (revenue growth), reflecting meaningful sales expansion. Operating margin at 9.65% trails the industry peer mean of 25.93% and median of 14.65%, so revenue gains have not translated into peer-level margin expansion.
Profitability and returns remain modest: return on equity 2.68% and return on assets 1.40% while retained earnings stay deeply negative ($-285,780,000), reflecting an earlier history of cumulative losses despite recent profitable quarters.
Capital structure mixes a moderate leverage profile: debt-to-assets 22.79% falls below the industry peer mean of 35.75%, but debt-to-EBITDA at 7.50x signals meaningful leverage relative to current EBITDA and warrants attention for coverage and liquidity under stress scenarios. Interest coverage at 4.41x sits below the industry peer mean of 9.17x, constraining flexibility if interest costs rise.
Market multiples show elevated investor valuation: trailing P/E ~185x and price-to-book ~4.45x. The P/E sits above the industry peer mean (~90.16x) and median (~68.01x), while price-to-book slightly exceeds the industry peer mean (~4.12x) and median (~4.04x). Forward P/E (~66.9x) compresses versus the trailing P/E but remains high in absolute terms relative to typical mid-cap energy-equipment levels.
Cash flow metrics: free cash flow $5,960,000 yields ~1.19%, below the industry peer mean free cash flow yield (~2.32%), though operating cash flow ($6,247,000) and cash conversion ratio (1.37) indicate conversion of earnings into cash in the reported period.
EPS came in at $0.09 versus an estimate of $0.17, an EPS surprise of approximately -47.06%, which emphasizes quarter-to-quarter sensitivity in earnings relative to consensus expectations. Forward EPS estimate $0.2325 implies lower absolute expectations but still leaves valuation stretched versus near-term cash generation.
Valuation view: the current valuation as determined by WMDST classifies the stock as over-valued. The classification reflects elevated market multiples, a high debt-to-EBITDA ratio relative to current EBITDA, and margins below peer means despite solid revenue growth; these items collectively limit upside under typical multiple compression scenarios.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-03-11 |
| NEXT REPORT DATE: | 2026-06-10 |
| CASH FLOW | Begin Period Cash Flow | $ 4.6 M |
| Operating Cash Flow | $ 6.2 M | |
| Capital Expenditures | $ -287.00 K | |
| Change In Working Capital | $ -2.15 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 1.2 M | |
| End Period Cash Flow | $ 5.8 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 67.5 M | |
| Forward Revenue | $ 39.1 M | |
| COSTS | ||
| Cost Of Revenue | $ 52.3 M | |
| Depreciation | $ 629.0 K | |
| Depreciation and Amortization | $ 629.0 K | |
| Research and Development | $ 463.0 K | |
| Total Operating Expenses | $ 61.0 M | |
| PROFITABILITY | ||
| Gross Profit | $ 15.2 M | |
| EBITDA | $ 6.7 M | |
| EBIT | $ 6.1 M | |
| Operating Income | $ 6.5 M | |
| Interest Income | — | |
| Interest Expense | $ 1.4 M | |
| Net Interest Income | $ -1.37 M | |
| Income Before Tax | $ 4.7 M | |
| Tax Provision | $ 1.7 M | |
| Tax Rate | 35.405 % | |
| Net Income | $ 3.0 M | |
| Net Income From Continuing Operations | $ 3.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.17 | |
| EPS Actual | $ 0.09 | |
| EPS Difference | $ -0.08 | |
| EPS Surprise | -47.059 % | |
| Forward EPS | $ 0.23 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 220.0 M | |
| Intangible Assets | — | |
| Net Tangible Assets | $ 113.1 M | |
| Total Current Assets | $ 110.8 M | |
| Cash and Short-Term Investments | $ 5.7 M | |
| Cash | $ 5.7 M | |
| Net Receivables | $ 83.2 M | |
| Inventory | $ 10.6 M | |
| Long-Term Investments | $ 1.6 M | |
| LIABILITIES | ||
| Accounts Payable | $ 48.3 M | |
| Short-Term Debt | $ 3.3 M | |
| Total Current Liabilities | $ 61.6 M | |
| Net Debt | $ 37.2 M | |
| Total Debt | $ 50.2 M | |
| Total Liabilities | $ 107.0 M | |
| EQUITY | ||
| Total Equity | $ 113.1 M | |
| Retained Earnings | $ -285.78 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 3.75 | |
| Shares Outstanding | 30.130 M | |
| Revenue Per-Share | $ 2.24 | |
| VALUATION | Market Capitalization | $ 502.9 M |
| Enterprise Value | $ 547.3 M | |
| Enterprise Multiple | 81.854 | |
| Enterprise Multiple QoQ | 62.869 % | |
| Enterprise Multiple YoY | 78.037 % | |
| Enterprise Multiple IPRWA | high: 144.859 FTK: 81.854 mean: 50.875 median: 44.973 low: -65.226 |
|
| EV/R | 8.105 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.946 | |
| Asset To Liability | 2.057 | |
| Debt To Capital | 0.307 | |
| Debt To Assets | 0.228 | |
| Debt To Assets QoQ | -9.796 % | |
| Debt To Assets YoY | 702.783 % | |
| Debt To Assets IPRWA | high: 1.127 mean: 0.358 median: 0.316 FTK: 0.228 low: 0.001 |
|
| Debt To Equity | 0.444 | |
| Debt To Equity QoQ | -8.786 % | |
| Debt To Equity YoY | 942.048 % | |
| Debt To Equity IPRWA | high: 3.344 mean: 1.058 FTK: 0.444 median: 0.399 low: -3.329 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 4.448 | |
| Price To Book QoQ | 12.436 % | |
| Price To Book YoY | 109.55 % | |
| Price To Book IPRWA | high: 8.357 FTK: 4.448 mean: 4.12 median: 4.035 low: -0.575 |
|
| Price To Earnings (P/E) | 185.435 | |
| Price To Earnings QoQ | 625.191 % | |
| Price To Earnings YoY | 220.293 % | |
| Price To Earnings IPRWA | high: 504.154 FTK: 185.435 mean: 90.16 median: 68.005 low: -287.212 |
|
| PE/G Ratio | -2.202 | |
| Price To Sales (P/S) | 7.448 | |
| Price To Sales QoQ | -4.532 % | |
| Price To Sales YoY | 56.367 % | |
| Price To Sales IPRWA | high: 38.331 mean: 13.187 median: 8.204 FTK: 7.448 low: 0.068 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 66.861 | |
| Forward PE/G | -0.794 | |
| Forward P/S | 12.864 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -1.629 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.312 | |
| Asset Turnover Ratio QoQ | 7.193 % | |
| Asset Turnover Ratio YoY | 1.887 % | |
| Asset Turnover Ratio IPRWA | high: 0.449 FTK: 0.312 median: 0.164 mean: 0.157 low: -0.007 |
|
| Receivables Turnover | 0.872 | |
| Receivables Turnover Ratio QoQ | 2.078 % | |
| Receivables Turnover Ratio YoY | 10.853 % | |
| Receivables Turnover Ratio IPRWA | high: 5.354 mean: 2.742 median: 2.341 FTK: 0.872 low: -0.071 |
|
| Inventory Turnover | 4.386 | |
| Inventory Turnover Ratio QoQ | 46.397 % | |
| Inventory Turnover Ratio YoY | 48.437 % | |
| Inventory Turnover Ratio IPRWA | high: 22.314 FTK: 4.386 mean: 3.725 median: 1.708 low: 0.0 |
|
| Days Sales Outstanding (DSO) | 104.634 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 33.624 | |
| Cash Conversion Cycle Days QoQ | -43.168 % | |
| Cash Conversion Cycle Days YoY | -44.409 % | |
| Cash Conversion Cycle Days IPRWA | high: 241.381 mean: 57.102 median: 54.482 FTK: 33.624 low: -60.174 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.372 | |
| CapEx To Revenue | -0.004 | |
| CapEx To Depreciation | -0.456 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 152.6 M | |
| Net Invested Capital | $ 156.0 M | |
| Invested Capital | $ 156.0 M | |
| Net Tangible Assets | $ 113.1 M | |
| Net Working Capital | $ 49.2 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.093 | |
| Current Ratio | 1.799 | |
| Current Ratio QoQ | 1.587 % | |
| Current Ratio YoY | -6.056 % | |
| Current Ratio IPRWA | high: 9.333 FTK: 1.799 mean: 1.709 median: 1.357 low: 0.336 |
|
| Quick Ratio | 1.626 | |
| Quick Ratio QoQ | 5.842 % | |
| Quick Ratio YoY | -1.482 % | |
| Quick Ratio IPRWA | high: 4.561 FTK: 1.626 mean: 1.155 median: 1.0 low: 0.284 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 7.501 | |
| Cost Of Debt | 2.017 % | |
| Interest Coverage Ratio | 4.408 | |
| Interest Coverage Ratio QoQ | -34.511 % | |
| Interest Coverage Ratio YoY | -77.867 % | |
| Interest Coverage Ratio IPRWA | high: 32.75 mean: 9.174 median: 5.527 FTK: 4.408 low: -32.783 |
|
| Operating Cash Flow Ratio | 0.128 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 99.474 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 3.461 % | |
| Revenue Growth | 20.503 % | |
| Revenue Growth QoQ | -615.929 % | |
| Revenue Growth YoY | 903.573 % | |
| Revenue Growth IPRWA | high: 34.86 % FTK: 20.503 % mean: 4.526 % median: 1.763 % low: -35.909 % |
|
| Earnings Growth | -84.211 % | |
| Earnings Growth QoQ | -108.097 % | |
| Earnings Growth YoY | -212.281 % | |
| Earnings Growth IPRWA | high: 100.0 % median: 2.353 % mean: -6.738 % FTK: -84.211 % low: -180.0 % |
|
| MARGINS | ||
| Gross Margin | 22.503 % | |
| Gross Margin QoQ | -29.098 % | |
| Gross Margin YoY | -6.97 % | |
| Gross Margin IPRWA | high: 86.554 % mean: 36.129 % median: 22.807 % FTK: 22.503 % low: -55.164 % |
|
| EBIT Margin | 8.971 % | |
| EBIT Margin QoQ | -44.726 % | |
| EBIT Margin YoY | -9.63 % | |
| EBIT Margin IPRWA | high: 89.962 % mean: 25.898 % median: 20.651 % FTK: 8.971 % low: -37.704 % |
|
| Return On Sales (ROS) | 9.654 % | |
| Return On Sales QoQ | -41.643 % | |
| Return On Sales YoY | -2.75 % | |
| Return On Sales IPRWA | high: 89.962 % mean: 25.931 % median: 14.654 % FTK: 9.654 % low: -39.283 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 6.0 M | |
| Free Cash Flow Yield | 1.185 % | |
| Free Cash Flow Yield QoQ | -330.097 % | |
| Free Cash Flow Yield YoY | -171.386 % | |
| Free Cash Flow Yield IPRWA | high: 16.293 % median: 2.388 % mean: 2.319 % FTK: 1.185 % low: -11.389 % |
|
| Free Cash Growth | -364.536 % | |
| Free Cash Growth QoQ | 543.034 % | |
| Free Cash Growth YoY | 99.22 % | |
| Free Cash Growth IPRWA | high: 551.834 % mean: 72.5 % median: 69.093 % FTK: -364.536 % low: -381.04 % |
|
| Free Cash To Net Income | 1.97 | |
| Cash Flow Margin | 11.629 % | |
| Cash Flow To Earnings | 2.596 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 1.398 % | |
| Return On Assets QoQ | -86.781 % | |
| Return On Assets YoY | -47.699 % | |
| Return On Assets IPRWA | high: 9.738 % mean: 2.154 % median: 2.132 % FTK: 1.398 % low: -7.028 % |
|
| Return On Capital Employed (ROCE) | 3.822 % | |
| Return On Equity (ROE) | 0.027 | |
| Return On Equity QoQ | -85.473 % | |
| Return On Equity YoY | -31.191 % | |
| Return On Equity IPRWA | high: 0.291 mean: 0.086 median: 0.047 FTK: 0.027 low: -0.247 |
|
| DuPont ROE | 2.706 % | |
| Return On Invested Capital (ROIC) | 2.508 % | |
| Return On Invested Capital QoQ | -45.288 % | |
| Return On Invested Capital YoY | -99.761 % | |
| Return On Invested Capital IPRWA | high: 10.203 % mean: 3.706 % median: 3.077 % FTK: 2.508 % low: -9.387 % |
|